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FX closing levels for the week: USD/CHF continues to bleed
The Good Friday holiday ensured it would be a quieter day than most this year but it wasn’t exactly quiet in the FX market. There were some decent moves on the day on Friday and the general theme remained USD selling. The brunt of it came via USD/CHF, which dropped another 35 pips. The pair
Fed’s Daly Says Policymakers Can Wait For More Clarity Around Trade Policies
The Federal Reserve can make more reductions as projected earlier but policymakers should wait for more clarity regarding trade and other policies, Federal Reserve Bank of San Francisco President Mary Daly said on Friday. U.S. inflation is moving closer to the 2 percent goal, but “we aren’t there yet”, Daly said in a post on
Fed's Daly: Cautiously optimistic on inflation path, maintains call for gradual cuts
San Francisco Fed President Mary Daly made a rare Good Friday appearance for a moderated discussion on the economy and monetary policy outlook. She emphasized patience: On the economy: There is a little bit of pulling forward on spending, but not as much as you might think US economy remains “in a good place” with
Gold ends week higher despite Powell’s pushback, trade uncertainty lingers
Gold rallies $90 this week as the US Dollar weakens amid rising trade tensions and geopolitical risks. Fed’s Daly says policy is still restrictive; neutral rate may be rising, echoing Powell’s hawkish tone. Traders focus on key US data next week: Flash PMIs, Durable Goods, and final Consumer Sentiment. Gold prices are set to end
EUR/USD climbs as US Dollar weakens on trade tensions
Euro edges higher amid US Dollar pressure after the White House pushes tariffs on Chinese ships, fueling global trade risks. Trump reportedly furious with Fed Chair Powell; adviser says President reviewing legality of dismissal. ECB’s Muller says lower energy prices and tariffs justify rate cut, though warns fragmentation may fuel inflation ahead. The Euro (EUR)
US offers to ease sanctions on Russia in Ukraine peace plan
Bloomberg reports that “the US presented allies with proposals to enable a peace deal between Russia and Ukraine, including an outline of terms to end the fighting and ease sanctions on Russia in the event of a lasting ceasefire”. This follows the comments of US Secretary of State Rubio who said that they either get
New Zealand inflation higher than expected, New Zealand dollar hits five-month high but reverses
New Zealand’s inflation rate climbed to 2.5% y/y in the first quarter of 2025, up from 2.2% in Q4 2024 and above the market consensus of 2.3%. This was the highest inflation rate since June 2024. Inflation was largely driven by higher gasoline and rent prices. Quarterly, CPI rose to 0.9%, up from 0.5% in
XAU/USD: Elliott wave analysis and forecast for 18.04.25 – 25.04.25
2025.04.18 2025.04.18 XAU/USD: Elliott Wave Analysis and Forecast for 18.04.25 – 25.04.25 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider long positions from corrections above the level of 2955.00 with a target of 3500.00 – 3800.00. A buy signal: the price holds above 2955.00. Stop Loss: below 2920.00, Take Profit:
India Bank Loan Growth remains unchanged at 11% in March 31
India Bank Loan Growth remains unchanged at 11% in March 31 Source link
USD/JPY: Elliott wave analysis and forecast for 18.04.25 – 25.04.25
2025.04.18 2025.04.18 USD/JPY: Elliott Wave Analysis and Forecast for 18.04.25 – 25.04.25 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider short positions from corrections below the level of 148.15 with a target of 138.65 – 131.50. A sell signal: the level of 148.15 is broken to the downside. Stop Loss:
China's top legislature to meet on 27-30 April this month
The main agenda this time around is to continue reviewing draft private sector promotion law. For some context, the draft was released for public consultations during October last year. And then it was deliberated by the committee in their previous sessions last December and in February this year. This will be the 15th session of